USDCHF Forecast

The USDCHF had a significant bullish momentum yesterday, closed above 0.8945 and hit 0.9020 earlier today in Asian session. This fact could continue the bullish scenario not only in nearest term testing 0.9100 area but also targeting 0.9320 in longer term outlook. Immediate resistance is seen around 0.8970/45 area. A clear break back below that area could trigger further minor bearish pullback testing 0.8900 support area but overall my technical bias remains to the upside and I still prefer a bullish scenario at this phase.

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